ARK potential end-to-end cloud break

2 בינו׳ 2018

I'm still new to T.A., so disclaimer there as to the potential accuracy of these indicators. That being said, it looks like there's a potential end-to-end break going on with ARKBTC; just recently had a T.K. cross after converging for a few days. R.S.I., while a little high, is actually lower than it was when the trend changed to bullish. The price is pushing upwards with good momentum and given the past all time highs it could very easily extend beyond the 70k satoshi mark, in my opinion, if it breaks that Fibonacci level. I opened a position around ~50k satoshi, looking to close at ~70k satoshi. Potential re-entry depending on market conditions at that time.

This chart is 1-day time frame. The 4-hour chart indicates a similar bullish trend, riding above the cloud with no exit signal yet.